ePlus inc (PLUS)

Gross profit margin

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Gross profit US$ in thousands 569,121 550,793 517,524 460,982 393,554
Revenue US$ in thousands 2,068,790 2,225,300 2,067,720 1,821,020 1,568,320
Gross profit margin 27.51% 24.75% 25.03% 25.31% 25.09%

March 31, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $569,121K ÷ $2,068,790K
= 27.51%

Based on the data provided, the gross profit margin of ePlus inc has fluctuated over the past five years.

In March 2021, the company's gross profit margin stood at 25.09%, which slightly increased to 25.31% by March 2022. However, there was a slight decrease in the margin to 25.03% by March 2023. Subsequently, the gross profit margin experienced a decline to 24.75% by March 2024.

The most significant change occurred in March 2025, where the gross profit margin rose to 27.51%. This increase indicates that ePlus inc was able to generate more gross profit compared to its revenue during this period, potentially due to cost efficiencies, price adjustments, or sales mix changes.

Overall, while there have been fluctuations in ePlus inc's gross profit margin over the years, the latest figure of 27.51% suggests an improvement in the company's ability to generate profits from its core business operations.


Peer comparison

Mar 31, 2025

Company name
Symbol
Gross profit margin
ePlus inc
PLUS
27.51%
ScanSource Inc
SCSC
12.20%